Geode Capital Management LLC Purchases 108,179 Shares of Mondelez International, Inc. $MDLZ

Geode Capital Management LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,298,651 shares of the company’s stock after buying an additional 108,179 shares during the quarter. Geode Capital Management LLC owned approximately 2.27% of Mondelez International worth $1,570,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDLZ. JPMorgan Chase & Co. raised its holdings in Mondelez International by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock valued at $4,347,170,000 after buying an additional 10,137,457 shares during the last quarter. Capital International Investors raised its holdings in Mondelez International by 9.7% during the 3rd quarter. Capital International Investors now owns 78,561,316 shares of the company’s stock valued at $4,907,892,000 after buying an additional 6,958,868 shares during the last quarter. Van ECK Associates Corp raised its holdings in Mondelez International by 103.2% in the 3rd quarter. Van ECK Associates Corp now owns 5,192,301 shares of the company’s stock worth $324,363,000 after purchasing an additional 2,637,287 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Mondelez International by 63.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,765,388 shares of the company’s stock worth $297,694,000 after purchasing an additional 1,849,482 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Mondelez International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock worth $7,013,179,000 after purchasing an additional 1,646,213 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. TD Cowen upped their price objective on shares of Mondelez International from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays upped their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. DA Davidson restated a “neutral” rating and issued a $62.00 price objective on shares of Mondelez International in a report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.05.

Mondelez International Stock Up 0.2%

NASDAQ:MDLZ opened at $62.39 on Friday. The firm’s 50-day moving average price is $59.10 and its 200-day moving average price is $57.71. The company has a market capitalization of $80.09 billion, a PE ratio of 31.04, a P/E/G ratio of 2.44 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is currently 99.50%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.